Give the formulas for average fixed cost (AFC), marginal cost (MC), average variable cost (AVC), and average cost (AC) if the cost function is: Q 26.00 24.00- C=6+ 13q. 22.00 Average fixed cost is: 20.00 18.00 AFC= %24 16.00 Marginal cost is: 14.00 00 MC = 10.00 Average variable cost is: 8.00 AVC = 6.00 4.00 Average cost is: 2.00 0.00+ AC =D Quantity, q, Units per day 1.) Use the line drawing tool to draw the marginal cost curve. Label this line "MC'. If you are viewing this on a test or quiz, you must click the graph to enable the drawing tools. 2.) Use the 3-point curved line drawing tool to draw the average cost curve for quantities q = 1, q =2, and q = 3. Label this curve 'AC'. Carefully follow the instructions above, and only draw the required objects. Cost per unit, $

Give the formulas for and plot average fixed cost, AFC, marginal cast, MC, average variable cost, AVC, and average cost, AC, if the cost function is: C=12+79-4²+q Marginal cost is MC = 7-8q+3q² Average fixed cost is: 12 4 Average variable cost AVC-7-4q+² AFC- Average cost is: 12 AC+7-4q+q² 1.) Use the 3-point curved line drawing tool to draw the average fixed cost curve for quantities q=1, q=2, and q=3. Labal this line 'AFC 2.) Use the 3-point curved line drawing tool to draw the average variable cost curve for quantities q=1, q=2, and q=3. Label this line AVC. 3.) Use the 3-point curved line drawing tool to draw the average cost curve for quantities q-1, q-2, and q-3. Label this line 'AC'. Carefully follow the instructions above, and only draw the required objecte. 20.00 19.00 18.00 17.00- 56 00 1600- 15.00- 14.00 4545 13.00 13.00 12.00- 11.00- 10.00 9.00 a 8800 7.00 ARD 6.00 GOD 5.00 GOD 4.00 3.00 45 200 1.00 0.00 G Quantity, q. Units per day If you are viewing this an a fost or…

For the cost function 125x + 375 x+7 where C is in dollars and x is the number produced in hundreds, use C(13) and MC(13) to approximate the cost of producing 1380 items. (Round your answer to two decimal places.) C(x) = Give an interpretation of the marginal cost value. At this level of production, the cost-Select- about $ per additional one hundred items.

You are given the following cost functions: TC =100 + 60Q- 3Q2 + 0.1Q3 TC =100 + 60Q+ 3Q2 TC = 100 + 60Q Compute the average variable cost, average cost, and marginal cost for each function.

The chief economist for Argus Corporation, a large appliance manufacturer, estimated the firm’s short-run cost function for vacuum cleaners using an average variable cost function of the form AVC = a + bQ + cQ2 where AVC = dollars per vacuum cleaner and Q = number of vacuum cleaners produced each month. Total fixed cost each month is $180,000. The following results were obtained: Dependent Variable AVC R-SQUARE F-RATIO P-VALUE ON F OBSERVATIONS 19 0.7360 39.428 0.0001   PARAMETER ESTIMATE STANDARD ERROR T-RATIO P-VALUE VARIABLE INTERCEPT 191.93 54.65 3.512 0.0029 Q -0.0305 0.00789 23.866 0.0014 Q2 0.0000024 0.00000098 2.449 0.0262 Quetsion: At what level of output will average variable cost be at a minimum? What is the minimum average variable cost?

Tesla estimates that its profit expressed in thousands of dollars each month is given by the expression: -6q^2 + 30q + 3210 where q (in thousands) is the number of cars produced and sold in a month. Determine the following: a. If Tesla's cost function is C(q) = 3210, state Tesla's variable cost per car.   B.If Tesla wishes to make a profit greater than $2,910,000, calculate and state the interval of value(s) for which this goal can be achieved.

Given the cost function ,  TC = 4q2 + 9 - calculte marginal cost ?

For the cost function C(Q) = 158 + 2Q + 2Q2, what is the average variable cost of producing 3 units of output? (Round your answer to two decimals as needed)

Marginal Cost (using total cost) Quantity Total Variable Marginal Cost Cost Cost (using variable cost) $300 $0 --- --- 1 350 50 $50 $50 2 390 90 $40 $40 420 120 4 450 150 490 190 540 240

A firm's cost function is given by C(x,y)=2x²+y²+2, where two outputs are produced, x and y. What are the outputs levels that minimize the costs to the firm? What is that minimal cost? Using hessian determinant show that cost is indeed minimized